ATN International, Inc.

Listed Company

ATNICIK 0000879585NasdaqAcceleratedSmaller ReportingTelephone Communications (No Radiotelephone)DelawareFY ends Dec 31

Period

FY 2025

Revenue

$727.98M

Net Income

$-14.91M

Total Assets

$1.67B

Equity

$444.29M

Shares Out

15.37M

Op. Cash Flow

$133.94M

Business

ATN International, Inc. provides digital infrastructure and communications services focused on serving smaller, rural and remote markets in the United States and internationally, including Bermuda and the Caribbean. It offers fixed and mobile telecommunications, high‑speed broadband and data services, carrier transport and tower services, managed IT and hosting, voice and video services, and related equipment and accessories. The company manages two operating segments—US Telecom and International Telecom—each delivering fixed, carrier, mobility and managed services. Its services are offered across the western United States, Alaska, the Navajo Nation, Bermuda, the Cayman Islands, Guyana and the US Virgin Islands through digital channels, company retail/pop‑up stores, authorized dealers and agents, direct sales, inside sales and wholesale carrier relationships.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	728	729	762	726	603
Selling, general and administrative	220	229	243	224	182
Stock-based compensation	9	8	9	7	7
Transaction-related charges	4	5	551,000	5	10
Restructuring and reorganization expenses	10	4	11	—	—
Depreciation and amortization	133	138	142	135	103
Amortization of intangibles from acquisitions	5	8	13	13	8
(Gain) loss on disposition of assets, transfers and contingent consideration	1	−13	2	4	3
Goodwill impairment	—	35	0	0	21
Total operating expenses	700	730	749	718	618
Income (loss) from operations	28	−795,000	13	8	−15
Interest income	702,000	1	476,000	174,000	132,000
Interest expense	−48	−50	−43	−20	—
Other income (expense)	−9	−2	1	4	2
Other expense	−56	−50	−41	−16	−8
LOSS BEFORE INCOME TAXES	−28	−51	−28	−8	−23
Income tax benefit	−4	−19	−9	−473,000	−2
NET LOSS	−24	−32	−19	−8	−21
Net loss attributable to noncontrolling interests, net of tax (benefit) expense of $(1.9) million, $(3.1) million and $(2.3) million, respectively	9	5	4	2	−1
NET LOSS ATTRIBUTABLE TO ATN INTERNATIONAL, INC. STOCKHOLDERS	−15	−26	−15	—	—
Basic (in dollars per share)	−1.38	−2.1	−1.25	−0.67	−1.52
Diluted (in dollars per share)	−1.38	−2.1	−1.25	−0.67	−1.52
Basic (in shares)	15	15	16	16	16
Diluted (in shares)	15	15	16	16	16
DIVIDENDS PER SHARE APPLICABLE TO COMMON STOCK (in dollars per share)	1.07	0.96	0.87	0.72	0.68

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	102	73	49	55	80
Restricted cash	15	16	13	5	1
Short-term investments	395,000	300,000	300,000	300,000	300,000
Accounts receivable, net of allowances for credit losses of $15.5 million and $15.1 million, respectively	81	84	88	87	74
Grants receivable	45	51	—	—	—
Customer receivable	9	8	7	6	4
Inventory, materials and supplies	14	15	19	18	10
Prepayments and other current assets	50	62	54	59	64
Assets held for sale	11	—	—	—	—
Total current assets	328	309	281	230	233
Fixed assets, net	992	1,040	1,081	1,056	943
Telecommunication licenses, net	105	113	113	114	114
Goodwill	5	5	40	40	40
Intangible assets, net	7	12	20	32	44
Operating lease right-of-use assets	98	99	99	109	119
Customer receivable - long term	35	41	46	47	40
Other assets	103	107	104	81	76
Total assets	1,673	1,727	1,784	1,708	1,609
Current portion of long-term debt	16	8	24	6	5
Current portion of customer receivable credit facility	9	8	7	6	5
Accounts payable and accrued liabilities	173	178	182	155	151
Dividends payable	4	4	4	3	3
Accrued taxes	8	8	11	7	6
Current portion of lease liabilities	14	16	15	15	16
Advance payments and deposits	39	45	50	40	36
Total current liabilities	263	267	293	233	221
Deferred income taxes	2	5	20	29	21
Lease liabilities, excluding current portion	75	77	77	83	92
Deferred revenue, long-term	47	55	64	73	—
Other liabilities	65	65	75	66	142
Customer receivable credit facility, net of current portion	31	36	39	39	30
Long-term debt, excluding current portion	549	549	493	416	327
Total liabilities	1,032	1,055	1,060	939	833
Total redeemable noncontrolling interests	87	76	86	92	73
Preferred stock, $0.01 par value per share; 10,000,000 shares authorized, none issued and outstanding	—	—	—	—	—
Common stock, $0.01 par value per share; 50,000,000 shares authorized; 18,061,239 and 17,879,110 shares issued, respectively, 15,257,391 and 15,114,216 shares outstanding, respectively	181,000	179,000	173,000	173,000	172,000
Treasury stock, at cost; 2,803,848 and 2,764,894 shares, respectively	−103	−102	−90	−74	−72
Additional paid-in capital	220	213	206	198	192
Retained earnings	312	368	417	450	476
Accumulated other comprehensive income	15	11	8	6	5
Total ATN International, Inc. stockholders' equity	444	489	541	581	601
Noncontrolling interests	110	106	97	96	101
Total equity	554	595	638	677	702
Total liabilities, redeemable noncontrolling interests and equity	1,673	1,727	1,784	1,708	1,609

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for doubtful accounts	9	6	5	7	5
Amortization of debt issuance costs	3	3	2	2	—
(Gain) loss on disposition of assets, transfers and contingent consideration	1	−13	2	4	3
Deferred income taxes	−9	−13	−17	−7	−7
Loss on pension settlement	—	—	369,000	2	—
Loss on extinguishment of debt	—	760,000	—	—	—
Loss (gain) on investments	5	−464,000	−4	−6	86,000
Accounts receivable and government grant receivables	−6	9	−20	−10	—
Customer receivable	5	4	−416,000	−9	−33
Prepaid income taxes	—	23,000	739,000	6	84,000
Accrued taxes	2	−16	7	3	−4
Materials and supplies, prepayments, and other current assets	14	−2	8	−16	−5
Accounts payable and accrued liabilities and advance payments and deposits	3	2	2	−125,000	12
Other assets	−5	−649,000	−10	−10	−226,000
Other liabilities	−11	−9	−9	−11	−3
Net cash provided by operating activities	134	128	112	103	81
Capital expenditures	−90	−110	−163	−160	−96
Government capital programs - Amounts disbursed	−85	−108	−33	−8	−10
Government capital programs - Amounts received	74	96	32	3	8
(Purchases) and sales of strategic investments	—	790,000	−1	−3	—
Spectrum sales and deposits refunded	12	—	576,000	1	—
Purchase of intangible assets	—	−573,000	—	−1	—
Acquisition of businesses	—	—	1	−18	−340
Purchase of investments - employee benefit plan	−60,000	−71,000	−2	—	—
Proceeds from investments - employee benefit plan	865,000	588,000	472,000	—	—
Proceeds from sale of assets	606,000	19	—	1	—
Net cash used in investing activities	−87	−104	−165	−167	−427
Dividends paid on common stock	−16	−15	−13	−11	−11
Distributions to noncontrolling interests	−3	−4	−4	−4	−7
Payment of debt issuance costs	−444,000	−7	−4	−873,000	−7
Finance lease payments	−2	−2	−1	−1	—
Term loan - repayments	−8	−241	−7	−5	−9
Term loan - borrowings	—	300	130	20	210
Revolving credit facility - borrowings	74	103	159	115	97
Revolving credit facility - repayments	−61	−118	−185	−72	−34
Proceeds from customer receivable credit facility	3	6	7	15	37
Repayment of customer receivable credit facility	−8	−8	−7	−5	−2
Purchases of common stock - stock- based compensation	−770,000	−2	−1	−1	−2
Purchases of common stock - share repurchase plan	—	−10	−15	−942,000	−11
Repurchases of noncontrolling interests	−150,000	−652,000	−3	−5	−13
Funds payable and amounts due to customers	2	—	—	—	—
Net cash (used in) provided by financing activities	−19	3	56	43	322
Net change in cash, cash equivalents, and restricted cash	28	27	2	−21	−24
Interest paid	45	48	39	20	8
Taxes paid	4	7	3	3	4
Dividends declared, not paid	4	4	4	3	3
Assets held for sale	11	—	—	—	—
Amounts accrued for reimbursable capital expenditures from government capital programs	18	30	32	—	—
Amounts accrued for non-reimbursable capital expenditures	9	14	26	28	22

Filings

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